Binance Brushes Off Coinglass Data Anomalies, Cites Past Discrepancies with DefiLlama

Binance has responded to market concerns over on-chain data anomalies flagged by third-party trackers Coinglass and DefiLlama.

The exchange noted similar past discrepancies with DefiLlama, expecting data restoration in 24-48 hours. It encouraged users to verify holdings directly while suggesting regular withdrawal tests across platforms.

Binance directed users to its proof-of-reserves page for personal asset checks and pointed to CoinMarketCap for total balances. For platform flows, it recommended OKLink.

The exchange described the data as unvalidated from third parties, echoing a 2025 incident where Coinglass showed $21.75 billion outflows, contradicted by DefiLlama's $900 million inflows.